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Question 1:
Assuming that you are appointed consultant on economic matters for a company and you are asked to analyse the market structures in various sectors of the economy. What indicators would you take into account to classify the markets and analyse them from the profitability and economic efficiency point of view. Give examples taking the case of Mauritius.
Question 2:
"You are appointed as manager as of a tourist hotel in Mauritius and you are asked to do an analysis of the price determination in the industry. Moreover, you are asked to highlight the importance of a knowledge of elacticities of demand and supply in your business strategy.? How would you approach this assignment?
Question 3:
Provide the government policy to increase access to tertiary education, you are asked to estimate a demand function and forcast demand for tertiary education for your company. Show the various steps and issues that you would consider in your task.
POINT ESTIMATE OF PROBABILITIES This approach requires a number of different values for each of the uncertain variables to be selected. These might be values that are reasonabl
engineering method of cost estimation
Correlation coefficient (r) Correlation coefficient measures the degree of association between two variables such as the cost and the activity level. r = nΣxy - Σx Σy
Elimination of non-value added activity JIT manufacturing can be described as a philosophy of management, dedicate to the elimination of waste. Waste is stated as anything whic
Granger products had the following transactions for the just completed month. The company had no beginning inventories. a)$75,000 in raw materials were purchased for cash. b) $7
Difficulties in cost reduction 1) Resistance by employees to pressure to reduce cost usually because the nature and purpose of the campaign has not been properly explained to t
LIMITATIONS OF ABC ANALYSIS However ABC analysis is a basic tool for exercising selective control over many inventory items, it does not, in its current form, allow precise con
#quesXERCISE 3-15 Departmental Overhead Rates [LO1, LO2, LO3] Diewold Company has two departments, Milling and Assembly. The company uses a job-order costing system and computes a
Why might managers favour this ABC system instead of the older system that allocated all MOH costs on the basis of direct? labour?
full explaination with diagram
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